Thursday, September 17, 2015

Expedia Completes Orbitz Acquisition

Bellevue-based Expedia said Thursday that it has completed its acquisition of Orbitz, after U.S. antitrust authorities cleared the deal. The deal is worth approximately $1.6 billion. Expedia is paying $12.00 per share in cash for Orbitz, which no longer is trading on the New York Stock Exchange. Expedia had announced the acquisition deal in February, and since then has been working through the transaction and regulatory clearances.